RTX Upside On Earnings and Backlog
"Yeah, exactly. And we're also going to keep an eye on a stock of RTX trades under the ticker RTX, formerly known as Rathon, right now up 9.7% on pace to close at its own all-time high. The company is talking about their strength for earnings and a robust backlog as management called it. Revenues are better than analysts were expecting with notable upside for their jet engine division according to Vertical."
— Billy Lip Schultz
The discussion on RTX highlights its 9.7% gain and record close potential, underpinned by strong earnings performance, a robust backlog, and impressive revenue figures particularly driven by its jet engine division. This positions RTX as a noteworthy defensive play in the current market environment.
Company CommentaryBullish High ConvictionScore: 7.6
Company Opinion •Stock Movers • 5 days ago